Investor

Presentation

August, 2024

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 Disclaimer
This release may include opinions and assumptions about future performance which could be
considered forward-looking statements. Forward-looking statements intrinsically cover several risks
and uncertainties, which may lead to a material difference between actual results and the statements
themselves. Such statements comprise the company’s current visibility on market movements, client
discussions, and related factors. Tata Technologies Limited does not assume an obligation to update or
revise any forward-looking statements.

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© Copyright 2024 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. 3
 Leading global engineering services company

12,688 15.9%
Employees(4) YoY growth in INR revenue from operations(5)

INR 51.2 bn
87%
$617.9 mn(6)
Automotive revenue(3)
FY’24 Revenue from Operations

Among Top 2 18.4%

Global Engineering Service FY’24 Operating EBITDA(7)
Providers in Electrification(2) margin

#1
India-based, Global 13.3%
Automotive ER&D ESP(1)
FY’24 PAT margin
in Zinnov Zones since
2019 (2) Pureplay ER&D and Digital Solutions Specialist

Note: (1) ER&D Service Provider; (2) Source: Zinnov; (3) % of automotive revenue attributable to the Services segment for FY24 period; (4) FTE and contracted employees as of Mar 31, 2024
(5) FY24 over FY23; (6) Revenue from operations where the revenue from operations is accounted for on a monthly basis and converted using the average of the $ conversion rates during each month for the relevant
currencies; (7) Operating EBITDA is calculated as EBITDA less other income. 4
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 Value Proposition: Full Spectrum of Engineering and Digital Solutions

Services Technology Solutions

Service Products Education

Outsourced engineering and digital Resells 3rd party software(1) “Phygital” education solutions
transformation services to global manufacturing and provides value added in manufacturing skills with
clients—conceive, design, develop and deliver services iGetIT platform
better products

((1) Primarily PLM software and solutions; PLM: Product Lifecycle Management
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 Our offerings across the manufacturing value chain
Business Engineering Manufacturing After Sales & Customer Experience
Reducing operational cost & Managing customer journeys from
challenges Faster and effectively
enhancing visibility pre-sales to after-sales

Turnkey vehicle development & electrification, Simulation (process, robotic, human, & e-Commerce, CRM, sales, dealer mgmt..,
ICE & ePowertrain factory layout), A.M.E. aftersales, workshop mgmt.., tracking, analytics

Product concept, definition, design, validation, Process & manufacturing engineering, e-commerce, CRM, sales, dealer mgmt., aftersales,
control systems, production readiness, etc. factory automation, end-of-line services workshop mgmt.., tracking, analytics

Airframe design, wiring harness, avionics, Process design, simulation, jigs, productivity MRO, non-conformity review, tool design,
simulation, MBSE, light weighting, cabin interiors improvement, first article inspection technical publications, repair, P2F
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

Digital Twin & thread, telematics, product Industry 4.0, factory automation, Connected product & services, cyber-security,
engineering (PLM + ALM + KBE + MBSE) digital mfg., autonomous vehicles customer service & experience

/// SDV /// Gen AI /// ADAS. /// Systems engineering /// Application software development /// Basic software dev (AUTOSAR) /// System & software validation (HIL)

PULSE: Agile Project Management (NPI) Factory Magix: Manufacturing Execution System Digital CX Suite:
Power of 8 - sCRM, sSales, sDealer, sRelations, sTrack,
Manufacturing IoT Platform
Accelerators eVMPTM: Electric Vehicle Modular Platform. sWorkshop, sCommerce, sIntelligence Solutions
CHIP: Scalable platform PLM-ERP-MES
Rightweighting Visimatic - Suite of Machine Learning solutions TRACE: Connected & Mobility Framework

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 25+ Years of Building Capabilities and Processes
Incorporation Capabilities Incubation Phase

• Incorporated in 1994 as Core Software Systems Pvt. Ltd. • Strategic partnership with anchor clients(1)

• Acquired by Tata Group in 1996 • Launched eMO(2) at NAIAS(3)

in 2012
• Acquired Cambric Holdings
in 2013
• Started expansion to
non-anchor accounts

Diversification
Post-Merger Integration
Phase

• Expanded client base

• Acquired INCAT • Built processes for onboarding
International Plc in 2005 new clients
(Incorporated in 1989)
• Acquired Escenda Holdings
in 2017

(1) Anchor clients comprise of Tata Motors and JLR; (2) Electric Mobility (eMO); (3) North American International Automotive Show (NAIAS) in Detroit;
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 Consistent Leadership Validated by Reputed Industry Experts
Overall ER&D Leadership ER&D Leadership across Verticals Digital Leadership

Leadership Zone
1st India-based, Among Top 2 Globally and for Digital Thread
Global Automotive #1 India-based 2021(3)
ER&D ESP since 2019 ESP for electrification services
Ranked in the

Established-Expansive
zone for Established-Expansive
overall ER&D services ratings zone for industry 4.0
Engineered-in-India 2023
Product of the year
Engineering & innovation excellence
award 2021
Company of the Year
for Global Digital Solutions in
Enterprise Modernization
Recognized in Leadership Zone for
Aerospace and Transportation & Construction Heavy Machinery(2) Industry in 2020

(1) Last published Zinnov Zones Ratings on Body Engineering in 2019; (2) Last published Zinnov Zones Ratings of TCHM: 2019 (3) Last published Zinnov Zones Ratings for Digital Thread in 2021
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 Market Opportunity &
Our Strength

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 $1.8Tn Global ER&D Spend with Increasing Propensity to Outsource
Overall ER&D Spend Expected to Grow at 10% CAGR Outsourced ER&D Spend Opportunity
All figures in $ Tn Market Size in 2022 2022-26
Growth Rate

10% CAGR 2.7

$ 1.8Tn
10%
Total ER&D Spend
1.8 for 2022

$ 105 - 110bn
Outsourced ER&D spend 11-13%
to 3rd party ESPs(1)

$ 25bn
Outsourced ER&D spend 14-17%
addressed by
India ESPs

2022 2026E

Digital
Focus on Sustainability Faster Innovation Need for Skilled Talent
Thread

Growing Product Shrinking Innovation

Faster Time to Market Cost Savings
Complexity Cycles

Source: Zinnov; (1) ESP: ER&D Service Provider (2) Largest Manufacturing ER&D vertical in terms of expenditure
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 TATA TECHNOLOGIES: Right to Win in a Large Market Opportunity

Large Automotive Large Opportunity in Increasing Large Upskilling

ER&D market with Rapid Disruption Adjacent Verticals Outsourcing Opportunity

Capabilities | Experience | Alliances Capabilities | Experience | Alliances Global Model | Client Relationships Domain Expertise | Experience

Deep expertise in Leveraged automotive expertise Marquee clients across anchor, Domain expertise & proprietary
automotive vertical to expand into adjacent verticals traditional and new-energy e-learning platform to tap into
of Aerospace & TCHM vehicle cos upskilling opportunity
Differentiated capabilities in
new-age automotive trends(1) Global delivery model enabling
client engagement and scalability
Strong digital capabilities with
proprietary accelerators
Advantage: Strong parentage with access to wide business network and increased collaboration among group companies

(1) Electric vehicles, Connected and Autonomous

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 Automotive Expertise New-Age Capabilities Digital & Accelerators Global Delivery Model Management Tata Parentage

1 Deep Automotive Expertise with Multiple Differentiated ER&D Capabilities

Comprehensive portfolio of services for product development for traditional OEMs & new-energy vehicle company

Tear Down Body Engineering

Concept Design Vehicle Architecture
and Benchmarking

Chassis CAE Virtual Electrical

Engineering Validation ePowerTrain and Electronics

Manufacturing Build and Test Launch

Aerospace LEVERAGING Transportation & Construction Heavy Machinery (TCHM)

Increased focus on digitization, sustainability and improving AUTOMOTIVE Lags behind the Automotive Sector in innovation
manufacturing throughput EXPERTISE

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 Automotive Expertise New-Age Capabilities Digital & Accelerators Global Delivery Model Management Tata Parentage

Leveraging Long-standing and Strategic Relationship with

1
Marquee Anchor Clients

Incubation Opportunities with Anchor Clients…

25+ 12+ Forefront of

Years Years Innovation
relationship Relationship

…Helping us Cultivate Skills and Refine our Value Proposition for the Automotive Sector

Full Vehicle Proposition Light Weight Structures Industry 4.0 Power of 8 Amp.IOT

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 Automotive Expertise New-Age Capabilities Digital & Accelerators Global Delivery Model Management Tata Parentage

1 Full Vehicle Turnkey Program for Complete Spectrum of Solutions

Specialization in complete and ready to use solutions from concept to launch

Product Development Manufacturing Customer Experience

Market Definition & Concept Styling & Detail Engineering Testing & Process Planning & Homologation &
Product Strategy Vehicle Architecture & Design Validation Industrialization Vehicle Launch

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 Automotive Expertise New-Age Capabilities Digital & Accelerators Global Delivery Model Management Tata Parentage

2 Differentiated Capabilities in Electric Vehicles Developed over the Years…

Differentiated Capabilities
Long-standing history of developing EV capabilities since as early as 2010 for EV Projects

eVMP(2)
Scalable and flexible vehicle
platform for OEMs(3)

Swedish OEM North American Indian OEM Vietnamese OEM EV

eMo(1) EV program EV manufacturer ICE to EV programs
OTA
Over-the-air connected
2010 2013 2017 2019 2020 2022 services
-11
2016 2018 2018
-14 -18 -20 -21 -23

ADAS
British OEM Chinese OEM Chinese OEM British OEM Level 2 & level 3 autonomous
Electrification EV programs EV programs EV program driver assistance system

CAE
Computer aided engineering
& EV system design

(1) eMo was launched in 2012; its development had started earlier (2) electric vehicle modular platform; (3) Traditional OEMs and New energy vehicle companies without a BEV platform
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 Automotive Expertise New-Age Capabilities Digital & Accelerators Global Delivery Model Management Tata Parentage

Leveraged Deep Manufacturing Domain Knowledge to Offer End-to-End

3
Solutions across Value Chain

Management of entire digital product life cycle and engaging clients throughout the product journey

PLM ERP MES

Product Lifecycle Management Enterprise Resource Planning Manufacturing Execution System

Product Data Smart Enterprise

Management Manufacturing Resource Planning

Customer
Data Experience Process Application
Intelligence Management Automation Management

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 Automotive Expertise New-Age Capabilities Digital & Accelerators Global Delivery Model Management Tata Parentage

4 Globally Distributed Execution Model

UK
FRANCE
USA
SWEDEN INDIA

GERMANY CHINA

ROMANIA
JAPAN

12,500+

innovators form continents. Our global

our global, diverse delivery model spans THAILAND
workforce Asia-Pacific, Europe, and
North America SINGAPORE

20
global delivery countries… and counting.
centers We work with clients
across the world

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 Automotive Expertise New-Age Capabilities Digital & Accelerators Global Delivery Model Management Tata Parentage

5 Led by a Highly Experienced and Professional Leadership Team

SUKANYA SADASIVAN PAWAN BHAGERIA SAVITHA BALACHANDRAN NACHIKET PARANJAPE

Chief Operating President – Global HR, Admin Chief Financial President – Automotive
Officer and Education Officer Sales

ALOKE PALSIKAR PRAHALADA RAO SRIRAM LAKSHMINARAYANAN SANTOSH SINGH

EVP and Head - Aerospace and President and Client President and Chief EVP and Global Head - Marketing
Tata Technologies empowers Industrial Heavy Machinery Sales Partner – Tata Motors Technical Officer and Business Excellence
customers to make their product
development dreams a reality. Our
position is to complement the
customer with services differentiated
by our ability to deliver uniquely well.

ANJALI BALAGOPAL SHAILESH SARAPH GEENA BINOY KAMAL SHAH

General EVP and Global Head EVP and Global Head Chief Digital
Warren Harris Counsel ER&D Delivery DES Delivery Information Officer
Chief Executive Officer & Managing Director

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 Automotive Expertise New-Age Capabilities Digital & Accelerators Global Delivery Model Management Tata Parentage

High Corporate Governance Standards with Access to Global Business

7
Opportunities

One Tata Philosophy

Simplify Synergy Scale

Corporate Governance Business Opportunities Business Priorities

Well positioned
High standards of Access to senior
to benefit from Tata
corporate governance decision makers
Group’s priorities in
and brand value at potential end clients
EVs and Aerospace

Emerging Industry Most Innovative Tata Company

Recognitions Leader in 2/5 Categories
Tata Business Excellence Model Tata Innovista Awards 2021
(“TBEM”) assessment in 2020

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 Our founder

Tata Technologies is a young company in a very exciting line

of business. A line of business that not only has its place in
India, but all over the world. We decided that this company
would not be all things to all people but would focus itself in
the niche area of providing solutions to manufacturing
companies. I would like to see Tata Technologies being
acclaimed as one of the most innovative and successful
design companies in the world. Your participation will be
seen in the world over as a leader in the field we start.

Mr. Ratan Naval Tata

Chairman Emeritus of the Tata Group

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 Tata Technologies Will Drive Future Growth Through:

Deepen Target top R&D Expand Strengthening Expand

engagements spenders in capabilities in service delivery capabilities
within existing select high digital through and enterprise
Key Strategic Priorities

client base priority verticals engineering and capacity and client base in the
and key embedded capability education sector
geographies systems building and
optimizing
delivery
processes

01 02 03 04 05

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 Strong Combination of Growth and Profitability

Robust Growth INR 51.2bn 15.9% 12.8%

in Revenues ($ 617mn(1)) YoY Revenue Growth(2) YoY Services Growth(2)
(FY24/23) (FY24/23)
Revenue FY24

High and
Improving Margin
18.4% 13.3% 330bps
Adj. EBITDA(3) Margin PAT Margin PAT Margin Expansion
Profile FY24 FY24 since FY21

(1) Revenue from operations where the revenue from operations is accounted for on a monthly basis and converted using the average of the $ conversion rates during each month for the relevant currencies; (2) Growth in INR terms (3) Adj. EBITDA excludes other income

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 Revenue Profile and Financial Performance
Steady Growth in Revenues led by Adj. EBITDA Margin Expansion Net Profit Margin Expansion
Services Segment by 220 bps(1) by 330 bps(2)
Figures in INR mn Figures in INR mn; % Margin Figures in INR mn; % Margin

617,905 16.2% 18.3% 18.6% 18.4% 10.0% 12.4% 14.1% 13.3%

547,018
9,413 6,794
134,600
473,509 8,209 6,240
108,680

117,881 6,457
321,531 4,370

57,015
483,306 3,857
438,337 2,392
355,629
264,516

FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24
Services Revenue Technology Solutions Revenue

(1) Refers to Adjusted EBITDA margin expansion from FY21 to FY24 (2) Refers to Net Profit margin expansion from FY21 to FY24
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